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AEF Claims 165K-SF Industrial Portfolio in Western Corona
Ontario, CA-based The Associates Equity Fund (AEF) acquired a four-building, 165,000-square-foot portfolio in West Corona for $14.3 million. It is the sixth purchase by the AEF series of funds, which makes investments through an integrated network of Lee & Associates brokers.
The Corona properties on Bonnie Circle include a 25,000-square-foot multi-tenant industrial building, two free-standing industrial buildings totaling 108,000 square feet and 32,000 square feet. AEF is in the process of the design and demo/TI work for the buildings, with the intent to immediately bring the properties to the market for lease.
AEF’s six funds include industrial, R&D and office space, totaling over 450,000 square feet.
JLL’s Zach Niles and Louis Tomaselli represented an unnamed private seller. Lee & Associates’ Jeff Ruscigno and Brian Tressen represented the buyer.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


